financetom
Business
financetom
/
Business
/
Sector Update: Consumer
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer
Jan 7, 2025 12:43 PM

03:27 PM EST, 01/07/2025 (MT Newswires) -- Consumer stocks were decreasing late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 2.1%.

Redbook US same-store sales rose 6.8% from a year earlier in the week ended Jan. 4 after a 7.1% year-over-year increase in the previous week.

In sector news, online shopping climbed to a record in the 2024 holiday season, with the majority of US e-commerce transactions taking place on mobile devices and AI powering click throughs to retail websites, Adobe (ADBE) Analytics' data showed Tuesday.

In corporate news, WPP ( WPP ) has mandated a new return-to-office policy, requiring employees to work from offices at least four days per week, the Financial Times reported. WPP ( WPP ) shares were falling 5.2%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Quantum eMotion Awarded $1.2 Million NSERC Grant
Quantum eMotion Awarded $1.2 Million NSERC Grant
Mar 28, 2024
02:07 PM EDT, 03/28/2024 (MT Newswires) -- Quantum eMotion Corp. ( QNCCF ) said Thursday that it has received a research grant of $1.2 million, by the Alliance Quantum grants program, overseen by the Natural Sciences and Engineering Research Council of Canada (NSERC). This grant supports the project Quantum random number generation for highly secure cryptography applications, a collaborative initiative...
Canadian school boards sue social media giants for over C$4 bln in damages
Canadian school boards sue social media giants for over C$4 bln in damages
Mar 28, 2024
March 28 (Reuters) - Four Canadian school boards have sought more than C$4 billion ($2.96 billion) in damages from social media firms such as Meta Platforms ( META ) and Snap in a lawsuit, alleging that their products harmed students. The products are negligently designed for compulsive use, have rewired the way children think, behave and learn, a joint statement...
Top Midday Gainers
Top Midday Gainers
Mar 28, 2024
02:10 PM EDT, 03/28/2024 (MT Newswires) -- Avalo Therapeutics ( AVTX ) shares skyrocketed amid heavy trading Thursday after the company completed the acquisition of privately held AlmataBio and said late Wednesday it entered into a private placement of preferred stock and warrants for up to $185 million. Shares catapulted 385% as intraday trading volume jumped to over 22 million...
Pfizer, Astellas' Combination Therapy Application For Bladder Cancer Accepted in China
Pfizer, Astellas' Combination Therapy Application For Bladder Cancer Accepted in China
Mar 28, 2024
02:03 PM EDT, 03/28/2024 (MT Newswires) -- Pfizer ( PFE ) and Astellas Pharma's supplemental biologics license application for enfortumab vedotin in combination with Keytruda for the first-line treatment of advanced bladder cancer has been accepted by the China National Medical Products Administration's Center for Drug Evaluation, Astellas said Thursday. If approved, enfortumab vedotin with Keytruda would be the first...
Copyright 2023-2026 - www.financetom.com All Rights Reserved